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Andrew Bailey

Andrew Bailey

Governor, Bank of England; Chair of the MPC

Appears in 2 stories

Notable Quotes

“With every cut we make, how much further we go becomes a closer call.” — Andrew Bailey

He said Biden would “do anything…to evade the Constitution” when it comes to forgiving student loans.

Stories

Bank of England cuts to 3.75%—one vote, two stories, and a fight over what “neutral” means

Money Moves

Casting-vote rate cutter as the committee nears a contested “neutral” level

This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.

Updated Yesterday

How the SAVE student loan plan was built, frozen, and dismantled

Rule Changes

Filed the core lawsuit that first put SAVE under the Eighth Circuit’s microscope.

Biden sold the SAVE plan as a fix for millions facing a broken student loan system: smaller payments, faster forgiveness, and protection from ballooning interest.

Updated 6 days ago